Securities Industry Commentator by Bill Singer Esq WEEK IN REVIEW

October 5, 2019

FINRA Fines UBS Financial Services Inc. $2 Million for Continued Failures Relating to Short Positions in Municipal Securities / Firm Inaccurately Represented the Tax Status of Thousands of Interest Payments to Customers; Restitution Ordered (FINRA Release)

AG James Imposes $12.5 Million Penalty On Brokerage Firms For Martin Act Violations (NYAG Release)

New Jersey Court Sustains Banking/Insurance Commissioners Penalties. Marlene Caride, Commissioner, New Jersey Department of Banking and Insurance, Petitioner/Respondent, v. Randolph A. Fisher, Jr., Kevin G. Madden, and Regal Financial Group, LLC, Respondents/Appellants (Opinion, Superior Court of New Jersey/Appellate Division)

[In]Securities Guest Blog: Singin' the Varsity Blues, Part 2: Whose Intentions Are Good  by Aegis Frumento ( Blog)

SEC Obtains Final Judgment Against Investment Banker Charged in Insider Trading Scheme (SEC Release)

SEC Obtains Final Judgments Against Lek Securities and CEO in Layering, Manipulation Case Litigation Continues Against Ukraine-Based Firm, Individuals (SEC Release)

Defendants Charged in Fraudulent ICO to Pay Nearly $7 Million (SEC Release)

Dark Web Vendors Plead Guilty to Cryptocurrency Money Laundering Conspiracy (DOJ Release)

'The IPO process has devolved,' tech investor Bill Gurley says as he leads a direct listing movement ( by Lauren Feiner)

Market Regulation Enforcement: Ensuring Market Integrity (FINRA Unscripted)

FINRA 2019 Industry Snapshot

White House deliberates block on all US investments in China (

Scandal-plagued Wells Fargo names BNY Mellon's Charles Scharf as CEO (

Former Beazer Homes Chief Accounting Officer Loses Stay of SEC Suspension
( Blog)

SEC Charges Hologram Company and Its CEO with Fraud and Registration Violations (SEC Release)

Defendant sentenced for a second time for using counterfeit checks to buy United States Postage Stamps (DOJ Release)

Mylan to Pay $30 Million for Disclosure and Accounting Failure Relating to EpiPen (SEC Release)

Automaker to Pay $40 Million for Misleading Investors (SEC Release)

Two BMO Advisory Firms Pay Over $37 Million to Harmed Clients for Failing to Disclose Conflicts of Interest (SEC Release)

CFTC Announces Approximately $7 Million Whistleblower Award (CFTC Release)